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    CBJ calls on local banks to keep payments of loans granted to individuals unchanged

    June 17, 2022
    banking

    Amman, June 16 (Petra) -- The Central Bank of Jordan (CBJ), on Thursday, issued a circulation calling on local banks to keep payments of loans granted to individuals unchanged.
    The CBJ’s decision came in light of the current changes to interest rates and to ease the burden of repaying loans for individuals
    The CBJ added that in case of any installment commissions due to the rising interest rates, local banks should find an appropriate mechanism to postpone them until the end of the loan or extend the period of time allocated for the payments of loans.

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